SocialResponsibilityandManagerialEthics514977

Click to edit Master title style,Click to edit Master text styles,Second level,Third level,Fourth level,Fifth level,Copyright 2005 Prentice Hall,Inc.All rights reserved.,*,5,*,PowerPoint Presentation by Charlie Cook,Copyright 2005 Prentice Hall,Inc.All rights reserved.,L E A R N I N G O U T L I N E,Follow this Learning Outline as you read and study this chapter.,What is Social Responsibility,Contrast the classical and socioeconomic views of social responsibility.,Discuss the role that stakeholders play in the four stages of social responsibility.,List and explain the arguments for and against social responsibility.,Differentiate between social obligation,social responsiveness,and social responsibility.,Social Responsibility and Economic Performance,Explain what research studies have shown about the relationship between an organizations social involvement and its economic performance.,2,Copyright 2005 Prentice Hall,Inc.All rights reserved.,*,L E A R N I N G O U T L I N E (contd),Follow this Learning Outline as you read and study this chapter.,Social Responsibility and Economic Performance(contd),Discuss the methodological concerns raised about these research studies.,Define social screening.,Explain what conclusion can be reached regarding social responsibility and economic performance.,The Greening of Management,Tell what the greening of management is and why it is important.,Describe how organizations can go green.,3,Copyright 2005 Prentice Hall,Inc.All rights reserved.,*,L E A R N I N G O U T L I N E (contd),Follow this Learning Outline as you read and study this chapter.,The Greening of Management(contd),Relate the approaches to being green to the concepts of social obligation,social responsiveness,and social responsibility.,Values-Based Management,Define values-based management.,Discuss what purposes shared values serve.,List some of the core values held by U.S.companies.,Describe the relation of values-base management to ethics.,4,Copyright 2005 Prentice Hall,Inc.All rights reserved.,*,L E A R N I N G O U T L I N E (contd),Follow this Learning Outline as you read and study this chapter.,Managerial Ethics,Define ethics.,Contrast the four views of ethics.,Discuss the factors that affect ethical and unethical behavior.,Describe the three levels of moral development.,Define values,ego strength,and locus of control.,Explain the structural variables and organizational culture variables that can influence the decision to behave ethically or not.,Discuss the six determinants of issue intensity.,5,Copyright 2005 Prentice Hall,Inc.All rights reserved.,*,L E A R N I N G O U T L I N E (contd),Follow this Learning Outline as you read and study this chapter.,Managerial Ethics,Explain the challenges of international ethics.,Discuss the seven suggestions for improving ethical behavior.,Tell what codes of ethics are an how their effectiveness can be improved.,Describe the important roles managers play in encouraging ethical behavior.,Social Responsibility and Ethics in Todays World,Explain why ethical leadership is important.,Describe how managers can provide ethical leadership.,6,Copyright 2005 Prentice Hall,Inc.All rights reserved.,*,What Is Social Responsibility?,The Classical View,Managements only social responsibility is to maximize profits(create a financial return)by operating the business in the best interests of the stockholders(owners of the corporation).,Expending the firms resources on doing“social good”unjustifiably increases costs that lower profits to the owners and raises prices to consumers.,7,Copyright 2005 Prentice Hall,Inc.All rights reserved.,*,What Is Social Responsibility?(contd),The Socioeconomic View,Managements social responsibility goes beyond making profits to include protecting and improving societys welfare.,Corporations are not independent entities responsible only to stockholders.,Firms have a moral responsibility to larger society to become involved in social,legal,and political issues.,“To do the right thing”,8,Copyright 2005 Prentice Hall,Inc.All rights reserved.,*,From Obligation to Responsiveness to Responsibility,Social Obligation,The obligation of a business to meet its economic and legal responsibilities and nothing more.,Social Responsiveness,The capacity of a firm to adapt to changing societal conditions through the practical decisions of its managers in responding to important social needs.,Social Responsibility,A firms obligations as a moral agent extends beyond its legal and economic obligations,to the pursuit of long-term goals that are good for society.,9,Copyright 2005 Prentice Hall,Inc.All rights reserved.,*,Does Social Responsibility Pay?,Studies appear to show a positive relationship between social involvement and the economic performance of firms.,Difficulties in defining and measuring“social responsibility”and“economic performance raise issues of validity and causation in the studies.,Mutual funds use,social screening,in investment decision slightly outperformed othe